Union Investment extends lease with Deloitte in Hanover ahead of expiry

In landmark office building Haus am Aegi in Hanover city centre

26th July 2022 I Author Astrid Lipsky I Reading time: 1 minute

Auditing firm Deloitte GmbH has extended its lease with Union Investment in Haus am Aegi in Hanover city centre by five years. Deloitte is the main tenant of the landmark office building, which was constructed in 2015 and is currently fully let. The auditor leases 9,200 sq m of the total 11,545 sq m of space.

The property comprises three sections of different heights: one with five storeys, one with six storeys and one with ten storeys. There is also an underground car park with 137 parking spaces. The building has DGNB sustainability certification in Silver. It was acquired by Union Investment last year and added to the portfolio of institutional real estate fund UniInstitutional German Real Estate.

“Hanover, the capital of Lower Saxony, is regarded as one of Germany’s most dynamic secondary cities. It has seen robust and continuous rent growth in recent years, particularly in city centre locations. Deloitte’s lease extension ahead of expiry is further proof that there is still strong demand for attractive space in well-connected locations – it needs to be modern, flexible and sustainable.”

Sven Lintl, head of Asset Management Germany at Union Investment